Date: 05th October, 2015
Currency Pair: EURUSD
EURUSD is able to show some bullish momentum and now advancing towards up. The immediate resistance can be seen at 1.1302. Last Friday the pair had tried to cross the strong resistance but unable to advance above it. It seems that 1.1302 is a strong barrier for today. Any bullish movement is clearly visible only above this particular level. Once it crosses the level 1.1395 will come into play followed by 1.1471.
On other hand 1.1133 is offering a strong intraday support. Subsequently, 1.1057 and 1.0964 are other support levels.
We’ve seen that despite of weak USD data (NFP) the pair didn’t able to cross the strong resistance. Further recovery is only possible above the level. However if the pair failed to cross the barrier than it’ll stuck into a limited range, the range would be 1.1302 – 1.1133.
Today’s Economic Events
|EUR||Spanish Services PMI||Low||59.7||59.6|
|EUR||Italian Services PMI||Low||54.8||54.6|
|EUR||French Final Services PMI||Low||51.2||51.2|
|EUR||German Final Services PMI||Low||54.4||54.3|
|EUR||Final Services PMI||Low||54.0||54.0|
|EUR||Sentix Investor Confidence||Low||12.2||13.6|
|EUR||Retail Sales m/m||Low||-0.1%||0.4%|
|USD||Final Services PMI||Low||55.7||55.6|
|USD||ISM Non-Manufacturing PMI||High||58.0||59.0|
|USD||Labor Market Conditions Index m/m||Low||2.1|
4 Hours Chart
Daily Support And Resistance Levels